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Cellphone-focused video service Quibi planned for April 2020

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NEW YORK (AP) — There’s yet another new streaming service coming in the next year.

Quibi’s twist is that it’s focused on short videos for cellphones. Spokeswoman Gina Stikes confirmed Monday that Quibi will launch in April 2020 and cost $5 a month with ads and $8 a month without ads.

It’s run by big names — Jeffrey Katzenberg, the former Disney chairman and co-founder of DreamWorks Animation, and Meg Whitman, the former head of eBay and Hewlett-Packard — and it has attracted top Hollywood stars to make videos. It has raised $1 billion to pay for content and expects to raise $500 million for business purposes including marketing.

It would enter an increasingly crowded market of subscription streaming video services , including upcoming offerings from Disney , Apple and AT&T.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

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The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
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